December 22, 2020

M2DC buys stake in Basic Energy

By VG Cabuag – December 22, 2020 from Business Mirror MAP 2000 Development Corp. (M2DC) is acquiring a majority stake in Basic Energy Corp., the energy company led by the De Venecia Group. In its disclosure, a memorandum of agreement […]
December 21, 2020

RE firms eye P35.7B from FIT subsidies

By Myrna M. Velasco – December 21, 2020, 7:00 AM from Manila Bulletin The country’s renewable energy (RE) developers are eyeing to rake in next year P35.693 billion worth of feed-in-tariff (FIT) payments, a form of subsidy collected from all […]
December 21, 2020

Aboitiz Power to issue up to P8-B bonds

By Myrna M. Velasco – December 21, 2020, 5:30 AM from Manila Bulletin Aboitiz Power Corporation is planning to raise up to P8 billion from a proposed bond issuance as the initial tranche of its new three-year Shelf Registration of […]
December 20, 2020

AC Energy earmarks P10.81 B for solar, wind projects in PH

By Myrna M. Velasco – December 19, 2020, 6:30 AM from Manila Bulletin The energy investment arm of the Ayala group will be injecting additional investments of P10.81 billion for greenfield solar and wind power projects in the Luzon grid. […]